Hello traders, it appears GBP/USD is now forming a bearish deep crab pattern on the 4h chart. This is an excellent opportunity with a potential 500+ pip return!
The measurements for a valid deep crab are detailed below.
B: 0.886
C: 0.382 - 0.886
D: 2.24 - 3.618 (D point falls short of the minimum requirement, but I'll see how this setup plays out)
X to D: 1.618
I'll be expecting price to stall out once it reaches the D point, keep this setup on your watch list.
Connect with me on social media for more trading inspiration :)
The measurements for a valid deep crab are detailed below.
B: 0.886
C: 0.382 - 0.886
D: 2.24 - 3.618 (D point falls short of the minimum requirement, but I'll see how this setup plays out)
X to D: 1.618
I'll be expecting price to stall out once it reaches the D point, keep this setup on your watch list.
Connect with me on social media for more trading inspiration :)
📈 Master the Art and Science of Trading: www.sixfigurecapital.com
